There are additional variables to suppose about when you’re promoting your personal home. For occasion, if you’ve lived in your house for at least two of the 5 years previous the sale, you don’t have to pay taxes on the primary $250,000 of profit House & Home Improvement news. Married couples don’t have to pay taxes on the primary $500,000 of profit. You then promote your home for $500,000 after living there for 10 years. When you promote your home, the profit from the sale is topic to capital positive aspects taxes.